McDonald’s Corp (NYSE:MCD) saw a downside of -0.76% to close Tuesday at $267.72 after subtracting -$2.06 on the day. The 5-day average trading volume is 2,091,120 shares of the company’s common stock. It has gained $280.27 in the past week and touched a new high 1 time within the past 5 days. An average of 2,505,110 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,436,024.
MCD’s 1-month performance is -5.92% or -$16.86 on its low of $266.58 reached on 09/26/23. The company’s shares have touched a 52-week low of $230.58 and high of $299.35, with the stock’s rally to the 52-week high happening on 07/21/23. YTD, MCD has achieved 1.59% or $4.19 and has reached a new high 29 times. However, the current price is down -10.57% from the 52-week high price.
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Insider Transactions
MCD stock investors last saw insider trading activity on Sep 22.Erlinger Joseph M. (President, McDonald’s USA) most recently sold 4,487 shares at $271.26 per share on Sep 22. This transaction cost the insider $1,217,144. President and CEO, Kempczinski Christopher J, sold 5,606 shares at a price of $280.00 on Sep 18. Then, on Sep 01, EVP – Chief People Officer CAPOZZI HEIDI B sold 688 shares at a price of $282.54 per share. This transaction amounted to $194,388.
Valuation Metrics
MCD stock has a beta of 0.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.06 while the price to cash flow ratio at 29.39.
McDonald’s Corp’s quick ratio for the period ended June 29 was 1.33, with the current ratio over the same period at 1.35.. In terms of profitability, the gross margin trailing 12 months is 56.62%. The trailing 12-month EBITDA margin is 52.73% while for the period ending June 29, McDonald’s Corp’s operating margin was 45.96%. The firm’s gross profit as reported stood at $13.21 billion against revenue of $23.18 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 48.58% to $2.31 billion, while revenue of $1.8 billion was 21.99% off the previous quarter. Analysts expected MCD to announce $2.79 per share in earnings in its latest quarter, but it posted $3.17, representing a 13.60% surprise. EBITDA for the quarter stood at more than $3.6 billion. MCD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 55.44 billion, with total debt at $48.56 billion. Shareholders hold equity totaling $728.76 million.
Let’s look briefly at McDonald’s Corp (MCD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 23.67% to suggest the stock is trending oversold, with historical volatility in this time period at 16.68%.
The stock’s 5-day moving average is $271.63, reflecting a -3.74% or -$10.41 change from its current price. MCD is currently trading -5.63% above its 20-day SMA, -9.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.15% and SMA200 by-0.97%.
Stochastic %K and %D was 6.87% and 7.57% and the average true range (ATR) pointed at 3.49. The RSI (14) points at 28.03%, while the 14-day stochastic is at 5.99% with the period’s ATR at 3.45. The stock’s 9-day MACD Oscillator is pointing at -5.31 and -7.01 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for McDonald’s Corp (NYSE: MCD), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for MCD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MCD as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 22 have offered a “buy” rating.
What is MCD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $300.00 and a high of $383.00, with their median price target at $330.00. Looking at these predictions, the average price target given by analysts is for McDonald’s Corp (MCD) stock is $329.90.
